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    Household electricity bills to rise by €100 to fund investment in network
    Ireland

    Household electricity bills to rise by €100 to fund investment in network


    Household electricity bills to rise by €100 to fund investment in network

    https://m.independent.ie/business/personal-finance/household-electricity-bills-to-rise-by-100-to-fund-investment-in-network/a254906966.html?fbclid=IwY2xjawE6yfRleHRuA2FlbQIxMQABHeTDt3rLU2hjX-6VcHAv51aZxCPvd19gWuuXyps1V80P3mCuE_A22BGFuw_aem_o0c59XCB_yOWyRG8yusXKA&utm_campaign=seeding&utm_medium=social&utm_source=facebook

    Posted by Huge-Bat-1501

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    45 Comments

    2. mrlinkwii on

      >8.41 increase per month on customer bills for 2024/25

      makes sense , considering how old the network is , im surprised its not more

    3. RayDonovanBoston on

      Ah, what’s another tax or levy on top of the existing ones…it’ll be grand! 😩🤣

    4. Professional_Emu_001 on

      Seriously. Another electricity hike? On top of the announcement that ESB has reported profits after tax of €868m for 2023, up over 30% on the previous year. Announcing its bumper results, the state-owned electricity supplier, which is the parent company of Electric Ireland, said it is “very mindful” that higher energy prices continue to pose challenges for their customers.
      The Irish government owns 96%+ of Electric Ireland so how about investing the profits in the network infrastructure?

    6. MeinhofBaader on

      Surely one off investments like this could be paid for out of the Rainey day fund. Rather than hiking up the cost of what is already the most expensive electricity in the EU?

      It’s right up there with putting a levy on concrete blocks during a housing crisis, to pay for the government’s fuckup in regulation.

      Sometimes it seems like cruelty is the point, with FFG.

    7. Prestigious_Talk6652 on

      Probably be another electricity support in the Budget. So here’s €160 give me €100.

    8. John_Smith_71 on

      I thought the crazy high charges from ESB were already for this. Now they need another dig out?

    9. shamsham123 on

      Ah here…is this real? We are still the most expensive in Europe for electric and gas and now this.

      Government are a fucking travesty

    12. Dennisthefirst on

      I thought that was what shareholders are for? What happened to rights issues or do shareholders prefer to drain companies of capital as well as profits these days?

    13. jack_gllghr on

      Got solar panels last week, thinking I was a big shot and could pay the electrical companies less.

      They got me again, those pesky companies, they always find a way

    15. Alarmed_Station6185 on

      Wait weren’t they using our money to subsidise the energy use of large companies. How can they justify this?

    16. YmpetreDreamer on

      How else are we gonna supply energy to the poor data centres. Google just got denied permission for yet another one because we just don’t have the capacity. Needs to be addressed asap

    19. PencilPym on

      Is this investment to help power more data centres that don’t really create that many jobs?

    21. ColonyCollapse81 on

      Time to boycott electricity, let’s take a stand and agree to stop using electricity, if we all do this, these greedy companies wont survive, who’s with me

    22. HallInternational434 on

      Don’t we already have one of the most expensive supplies of electricity in the world? Are we trying to beat the universe now?

    23. LadWithDeadlyOpinion on

      Has there been any talk of help with bills this winter like we got last winter?

    24. KellyTheBroker on

      Don’t we already have somewhere around the 3rd highest energy costs in the world.

      Aren’t the record profits from last year enough to cover paying for their only job?

    25. dano1066 on

      If I knew every penny was going toward improving the grid with new wind turbines and improved infrastructure I’d be ok. But I’ve a feeling a large amount will be dwindled and not spent efficiently that it won’t result in much good

    29. violetcazador on

      How about charging those companies that gobble up vast sums of power through data centers a lot more?

    30. DuwanteKentravius on

      It’s funny how many people don’t understand the difference between EirGrid, ESB Networks and their own home electricity provider. Many of those complaining probably don’t change supplier every 12 months either.

    31. AhFourFeckSakeLads on

      We get six bills a year so this will be about €17 extra on top of the usual costs, every bill.

      Are they still adding VAT to the Social charge, IE the bill plus the social charge? That social charge is a tax, so they are taxing a tax

    32. AwayAd7744 on

      This is a load of shit now, we live in the most expensive country in the EU, and now they want to make it even more expensive to live here by hiking the utility bills up, fuck that, next thing you know you will have to take a loan out just to make a fucking cup of tea.

    33. ninenineee on

      This is the kind of thing that should come directly from the state (yes even if it means a tax increase) Instead the budget will come around and we’ll all get an extra tenner and they’ll hail themselves as great for lowering taxes.

    35. NowForYa on

      Cheers for the dose of misery, Tuesday’s worse than Monday and you’ve just compounded it.

    40. AdmiralRaspberry on

      And the FFFG government let this happen again ~ hopefully folks remember the next election.

    41. TheBatmanIRL on

      They should be made reinvest their profits in the infrastructure upgrade, like most companies would if they needed to improve something.

    43. Alternative-Sky8238 on

      The reporting on the PSO Levy means I really don’t care about journalists as a profession. They don’t know anything about what they are making up and they are determined never to learn.

      Renewables are all capital costs, so cheap loans matter massively. Renewables bid into the market at zero marginal costs so the last generator dispatched which sets the price for everyone is a cheaper the more renewables you have on the system. So the more renewables the cheaper it gets.

      But if you were to make the market price continue to fall lower forever then you can’t get earn a return and keep building. So you offer a fixed price to renewables and if the wholesale price falls below then the PSO makes them whole…..

      But the reason the price fell is because of the renewables. If the PSO subsidy cost is high that’s because renewables have driven your bill down..

    44. Sciprio on

      There goes your energy credit in the budget! They give you an extra €10 here and take €15 elsewhere. Don’t be mugs for these come the election, no matter the meaningless bribes they throw out.